Common use of Authorization of Transaction Documents Clause in Contracts

Authorization of Transaction Documents. The Corporation has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The execution, delivery and performance by the Corporation of this Agreement shall be duly authorized by all requisite corporate action by the Corporation and this Agreement will be the valid and binding obligations of the Corporation, enforceable against the Corporation in accordance with their respective terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization or similar laws affecting the rights of creditors generally and subject to general principles of equity.